The one-hour special program is set to air at 10 p.m. (EST) on Dec. 4, stated a press release released by CBS on Tuesday.

The fashion show will be held in New York City. In 2011, Miranda Kerr strutted down the catwalk with the brand's diamond-encrusted fantasy bra, a staggering $2.5 million. Each year, one chosen angel is entitled to wear the bejeweled "fantasy" bra, which is for sale as "the ultimate holiday" gift. Since 1996, none of the hyper expensive bra has been sold.

The $15 million "Red Hot Fantasy" Bra debuted in 2000, which was modeled by Gisele Bundchen was recorded in Guinness World Records as the most expensive lingerie ever created.

Which supermodel will steal the spotlight by donning the gorgeous bra this year?

Besides the runway shows, the event will include musical performances, pink carpet interviews, model profiles and a behind-the-scenes peek at the making of the fashion show, according to the press release. Performers are yet to be announced.